The Fed and Treasury

Will Trump Try to ‘Overrule’ Monetary Policy?

By Mark Thoma

How will the Federal Reserve evolve during Donald Trump’s term as president? Presently, three of the seven positions on the Federal Reserve Board are vacant. These vacancies, along with the...
Why the Treasury Is Ending a Low-Income Retirement Saving Program

By Beth Braverman

Less than two years after the Obama administration rolled out a myRA, a savings program aimed at helping the millions of Americans without access to a retirement account through work, the Trump...
Will Janet Yellen Give Wall Street a Scare?

By Anthony Mirhaydari

For years, the Federal Reserve has been unable to convince the market it's serious about aggressively tightening policy. Janet Yellen and her cohorts have been guilty of "crying wolf," constantly...
Is the Fed About to Wage War on the Rich?

By Anthony Mirhaydari

For years, stocks have been driven relentlessly higher thanks to a single statement that summarized the aggressive central bank largesse since the eurozone crisis flared up in 2012: Policymakers...
Is the Fed Fighting the Trump Rally?

By Anthony Mirhaydari

The evidence is growing that the Federal Reserve’s policymakers are actively working to lean against the stock market's rise, a dramatic reversal from the years of policy support stock market bulls...

The Fed’s Big Mistake: Rate Hikes Hurt US Workers

By David Dayen

Protesters rallied in Washington, New York City and Philadelphia yesterday against an imminent government action that would damage the financial prospects of ordinary workers. And no, it had nothing...
The Fed, the Reality of Tax Cuts, and Donald Trump

By Mark Thoma

For many years, Republicans argued that tax cuts for the wealthy pay for themselves. Cutting taxes on the wealthy, according to Republicans, allows them to keep a larger share of anything new they...
Will Unwinding the Fed’s $4.5 Trillion Balance Sheet Kill the Bull Market?

By Anthony Mirhaydari

Over the last decade, investors have grown accustomed to a Federal Reserve that constantly coddled them, allayed their fears and did everything possible to support the financial markets and asset...
The Key to This Market: Here’s What Will Determine if Stocks Rise or Fall

By Anthony Mirhaydari

For now, instead of putting pressure on risk assets, the Fed's newfound hawkishness is bolstering the reflation trade by lifting the dollar higher and attracting global capital into U.S. assets. Same...
Can Wall Street Handle Higher Interest Rates?

By Anthony Mirhaydari

The Federal Reserve just raised interest rates for the second time in three months, signaling a dramatic quickening of its prior pace. For the first time in more than a decade, Fed policymakers are...

Jackson Hole Confidential: Fed Head Talk

By Alister Bull, Reuters

Former U.S. Treasury Secretary Lawrence Summers never came near the Federal Reserve's annual monetary policy symposium in Jackson Hole this weekend, but his name was often raised on the sidelines...
Markets More Sensitive Than Usual to Data Ahead

By Ryan Vlastelica, Reuters

Wall Street just went through its weakest three-week period since November, not to mention a panicky spell when the Nasdaq stock market ground to a halt. But that doesn't mean the pain is over. The...
Low Inflation Still a Warning Sign for Economy

By Jason Lange, Reuters

There are many signs the United States is emerging from a quagmire of sluggish economic growth. The pace of inflation is not one of them.
Why Government Growth Projections Are All Wrong

By Josh Boak, The Fiscal Times

The economist Stephen D. King lays out a financial nightmare in his new book, When the Money Runs Out: The End of Western Affluence, with what might be the most frightening insight of the year.
Fed Officials Split on Timing of Stimulus Reduction

By Reuters

A few Federal Reserve officials thought last month it would soon be time to slow the pace of their bond buying "somewhat" but others counseled patience, according to meeting minutes that offered...

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